Jefferies analyst Andy Barish reiterated a Sell rating on Shake Shack (NYSE: SHAK) on July 12 and set a price target of $41. The company’s shares closed yesterday at $64.34, close to its 52-week high of $69.96.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 5.7% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Ruth’s Hospitality, and Cheesecake Factory.
Shake Shack has an analyst consensus of Hold, with a price target consensus of $50.71.
Based on Shake Shack’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $3.51 million. In comparison, last year the company had a net profit of $4.88 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
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Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.